Business & Finance
Thailand’s Gulf Officially Takes 50 Per Cent Stake in German Offshore Wind Farm
Thailand’s Gulf Energy Development Public Company Limited has officially taken over the 50 per cent stake in the Borkum Riffgrund 2 offshore wind farm from Global Infrastructure Partners. In July, Gulf acquired 50 per cent shares of Borkum Riffgrund 2 Investor Holding (BKR2) through its subsidiary G
Aker Solutions nets Edvard Grieg electrification deal
Norwegian oilfield services provider Aker Solutions has signed an engineering, procurement, construction, and integration (EPCI) contract for a high-voltage electrical boiler package as part of the electrification of Lundin Energy’s Edvard Grieg platform.
Bahamas Petroleum sets new spud date as Stena picks rig for offshore well
Offshore drilling contractor Stena Drilling has nominated a drillship to drill an exploration well offshore The Bahamas for Bahamas Petroleum Company (BPC).
Blackstone completes $7 billion Cheniere partnership stake sale
Blackstone Group said on Thursday it has completed the sale of its 42% stake in Cheniere’s limited partnership to Brookfield Infrastructure and its own affiliated company. The $7 billion sale represents the culmination of Blackstone Energy Partners’ involvement with Cheniere, the US-based private eq
NYSE suspends Hermitage stock from trading
Offshore vessel operator Hermitage Offshore Services, formerly known as Nordic American Offshore, has received notification from the New York Stock Exchange (NYSE) that its common stock was suspended from trading.
KrisEnergy gets funding to bring Cambodia offshore project online
KrisEnergy has reached a loan deal with Kepinvest Singapore to assist the company with bringing the Apsara project off Cambodia online on schedule.
Sargeant Marine to pay $16.6M after pleading guilty to bribery schemes in South America
Sargeant Marine, an asphalt shipping company based in Boca Raton, Florida, pleaded guilty to bribery schemes in three South American countries and agreed to pay a criminal fine of $16.6 million to resolve the charges. The US Department of Justice said that between 2010 and 2018, the company paid mil
Fluxys Belgium posts H1 profit jump
Fluxys Belgium, the operator of the Zeebrugge LNG terminal on Wednesday reported a jump in profit for the first half of the year. Net profit rose from €31.4 million ($36.6 million) to €36.6 million ($42.7 million). Fluxys noted in its report that its turnover in the first six months rose €24.1 milli
China continues to boost LNG imports
China, the world’s largest energy consumer, is continuing to post higher monthly LNG imports and reported a 16.3 percent year-on-year increase in August. LNG imports totalled 5.96 million tonnes last month, data from the General Administration of Customs showed. In the January-August period, the cou
Seadrill and Sapura targeted in Brazilian bribery probe
Offshore drilling contractor Seadrill and oilfield services provider Sapura Energy are being investigated by the police in relation to the Brazilian Car Wash corruption probe.
Archer wins four-year extension with Apache in North Sea
Archer has secured a four-year contract extension with Apache for the provision of platform drilling operations & maintenance services in the UK North Sea.
Eidesvik scores one-year extension for Viking Lady PSV
Offshore vessel operator Eidesvik Offshore has been awarded a contract extension for its Viking Lady platform supply vessel.
Germans and Scots set up offshore wind and green hydrogen co-op
German wind industry association WAB e.V. has signed a three-year cooperation agreement with Scottish partner DeepWind to collaborate for the expansion of offshore wind and the development of a market for green hydrogen from wind energy. WAB and DeepWind plan to exchange and analyze information, exp
Petrobras hits hydrocarbons in Campos Basin well
Petrobras has identified the presence of hydrocarbons in the pioneer well of block C-M-657, located in the pre-salt of the Campos Basin.